Crime Archives - Page 5 of 6

DOJ to press on with criminal charges against Tornado Cash developer Roman Storm

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The US Department of Justice does not intend to drop its federal criminal charges against Tornado Cash developer and co-founder Roman Storm, Decrypt reported on May 15, citing sources within the DOJ. The DOJ’s decision to proceed comes despite an internal memo circulated last month signaling a potential shift in how the agency handles cases […]

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Coinbase resists million Bitcoin ransom demand after insider-led data breach

Coinbase resists $20 million Bitcoin ransom demand after insider-led data breach

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Coinbase revealed that it suffered a data breach that affected less than 1% of its active monthly users, according to the May 15 statement. Following the hack, the exchange CEO Brian Armstrong said the perpetrators tried to extort it of $20 million in Bitcoin. How Coinbase was breached According to the exchange, the threat actors

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Coinbase breach: attackers demand M ransom

Coinbase breach: attackers demand $20M ransom

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Attackers bribed support staff to access internal tools. $20M ransom demand redirected into reward fund. New protections live ahead of S&P 500 entry. Coinbase has disclosed a targeted cyberattack involving bribed overseas contractors, resulting in a significant data breach that impacted less than 1% of its monthly active users. While no funds, passwords, or private

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Hong Kong Police Develop ‘CryptoTrace’ Tool to Help Track Online Crypto Crimes

Leave a Comment / Bitcoin News, Crime, crypto scams, Hong Kong / best time

Hong Kong Cyber Security and Technology Crime Bureau (CSTCB) announced the launch of a virtual asset analysis tool to aid in crypto crime investigations. Dubbed ‘CryptoTrace’, the tool is developed in collaboration with the University of Hong Kong, an official release noted. The crypto tool offers “advanced intelligence and investigation support to crime investigation units,”

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French government to meet crypto leaders over rising kidnapping threats

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France’s Interior Ministry is reportedly set to meet with key players in the country’s crypto industry on May 16 to tackle a rising wave of kidnappings targeting digital asset entrepreneurs, Le Monde reported on May 14. According to the report, Interior Minister Bruno Retailleau said the planned gathering will focus on improving security awareness and

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Polygon’s co-founder warns of deepfake video scam using his likeness targeting startups

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Sandeep Nailwal, co-founder of Polygon, has flagged a troubling rise in deepfake scams using his likeness to deceive crypto founders. Polygon is one of the largest Ethereum layer-2 networks. In a May 13 social media post on X, Nailwal said several individuals recently reached out to verify if he had spoken with them over Zoom.

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Paris authorities on alert after attempted abduction targets crypto CEO’s family

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Authorities in Paris have launched a criminal investigation after masked assailants attempted to kidnap the daughter of a crypto company CEO and her young child in a broad daylight attack just blocks from the city’s central courthouse, TMZ reported on May 13. The assault, which was captured on video, took place on May 12 and

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Former Celsius CEO Alex Mashinsky receives 12 years in prison over fraud scheme

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Ex-Celsius CEO Alex Mashinsky was sentenced to 12 years in prison on May 8 for orchestrating a scheme that defrauded customers of the crypto lending platform by misrepresenting investment risks and manipulating the price of the company’s token, CEL. As Bloomberg News reported, the sentence was handed down by US District Judge John Koeltl in

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ZachXBT reveals Coinbase users lost another M in a week to ongoing social engineering scams

ZachXBT reveals Coinbase users lost another $45M in a week to ongoing social engineering scams

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Blockchain investigator ZachXBT revealed that Coinbase users lost another $45 million over the past week due to coordinated social engineering scams. The update, shared on his Telegram channel, identifies multiple wallet addresses connected to the theft and links the latest activity to a broader pattern of crypto heists that has persisted for months. The report

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ZachXBT reveals M of the OG holder’s stolen Bitcoin was frozen with Binance’s help

ZachXBT reveals $7M of the OG holder’s stolen Bitcoin was frozen with Binance’s help

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Blockchain analyst ZachXBT revealed that roughly $7 million of the $330 million in Bitcoin (BTC) stolen from a longtime US crypto holder has been frozen with the help of Binance. The update comes days after ZachXBT first reported a suspicious transfer of 3,520 BTC, worth about $330 million at the time, from a single wallet.

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